Svmuu News Bitget has launched its US stock IPO subscription service, IPO Prime, further extending the boundaries of UEX into the primary market. This initiative aims to break down the barriers of traditional private investment, providing global users with a new channel to participate in the potential economic benefits of unicorn companies before they go public. The first asset to be listed is preSPAX, a digital token issued by the regulated issuer Republic, designed to mirror the post-listing economic performance of SpaceX on a 1:1 basis. SpaceX (Space Exploration Technologies Corp.) was founded by Elon Musk in 2002.
Bitget IPO Prime adopts a subscription model, where users can obtain corresponding subscription quotas based on their VIP level. After token allocation is completed, users can trade on the upcoming over-the-counter market; alternatively, after the lock-up period for the underlying debt assets of preSPAX ends, the issuer can entrust Bitget to convert them into stock tokens or USDT for users, referencing the market price of the target company's stock.
IPO Prime Details:
- SpaceX Implied Valuation: $1.5 trillion
- IPO Prime Total Subscription Amount: 94,000
- Total Subscription Value: $61,100,000
- Subscription Price: 1 preSPAX = $650
- Accepted Currencies: USDT or USDGO
- Total Pool Cap: $1,000,000,000
- Individual Investment Range: $1,000-$300,000
- Investment Period: April 18, 14:00:00 to April 21, 14:00:00 (UTC+8)
- Allocation Period: April 21, 14:00:00 to April 21, 18:00:00 (UTC+8)
- OTC Trading Opening Time: April 21, 20:00:00 (UTC+8)